Latest news with #CarmeloEzpeleta
Yahoo
05-07-2025
- Automotive
- Yahoo
Liberty Live Group Finalizes Acquisition of MotoGP Commercial Rights
Liberty Live Group (NASDAQ:LLYVK) is one of the . On June 23, Liberty Live Group, or Liberty Media, announced that it had received unconditional approval from the European Commission for its acquisition of Dorna Sports, which is the exclusive commercial rights holder of the MotoGP World Championship. The approval marks the final condition for the transaction, which is expected to close no later than July 3. MotoGP commenced its first season in 1949 with 6 European rounds and has expanded to feature 22 races across 18 countries in the 2025 season, and has reached hundreds of millions of viewers internationally. Under the acquisition, Liberty Media will acquire an 84% stake in Dorna, with Dorna management retaining the remaining 16%. The transaction reflects an enterprise value for Dorna of €4.3 billion and an equity value of €3.7 billion. A person at home displaying a vibrant media streaming interface, being rendered on a large flatscreen television. A director of Liberty Media and former CEO of Formula 1, Chase Carey, and the former Managing Director of Commercial Operations at Formula 1, Sean Bratches, will join Carmelo Ezpeleta and Enrique Aldama (Dorna's COO and CFO) on Dorna's board of directors as this transaction closes. Liberty Media has secured all necessary regulatory approvals in other relevant jurisdictions for this acquisition. Liberty Live Group (NASDAQ:LLYVK) is a live entertainment company. While we acknowledge the potential of LLYVK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-07-2025
- Automotive
- Yahoo
Liberty Media completes its purchase of MotoGP
Just over a week after the European Commission authorised Liberty Media's acquisition of Dorna, the American company has finalised the purchase of 86% of the Spanish firm, following a payment of €4.3billion. The remaining 14% is retained by Carmelo Ezpeleta, CEO of Dorna, and Enrique Aldama, who oversees the company's operations. Advertisement The announcement concludes one of the biggest takeovers in recent times in the sports entertainment industry. With this acquisition, Liberty Media - which bought the rights to Formula 1 in 2017 for $8bn - will now also control the second-most followed motorsport championship worldwide. As with F1, the goal of the takeover is to expand MotoGP which, in Liberty's view, has great growth potential, especially in specific regions around the globe. The North American market will receive particular attention, as the entertainment giant aims to finally bring MotoGP to a broader audience - something Dorna struggled to achieve. Regarding the new leadership structure, Ezpeleta will remain in his role as CEO, with Aldama continuing alongside him as COO. Supporting them are Carlos Ezpeleta - who has been in charge of the sporting division for several years - and Dan Rossomondo, who joined Dorna in 2023 and will continue to lead the commercial area. MotoGP and Ducati logos MotoGP and Ducati logos A new working group has been formed, including Chase Carey and Sean Bratches who were two key figures in F1's transition under Liberty. Advertisement Carey was instrumental in introducing the budget cap that enabled teams to achieve greater financial success and multimillion-figure profits. During his tenure, the Concorde Agreement was also renewed in 2021, governing the distribution of championship revenues among teams. Carey stepped down as CEO in 2021 and was succeeded by Stefano Domenicali. Read Also: Here's what MotoGP riders think about Liberty Media's impending takeover According to Autosport, the first meeting of the new board will take place at Dorna's headquarters in Madrid next Monday. This will mark the start of a transition process that, in its first phase, will focus on the commercial side; specifically, the sale of broadcasting rights, tickets, advertising, sponsorships, and promoting the series. Advertisement A key objective will be expanding MotoGP's reach in the United States, where significant efforts will be concentrated to grow the audience and achieve the market interest believed to be within reach. To read more articles visit our website.
Time of India
24-06-2025
- Automotive
- Time of India
F1 owner Liberty Media finally set to seal deal to take control of MotoGP after European approval
HighlightsLiberty Media has received unconditional approval from the European Commission to acquire 84% of Dorna Sports, the rights holder of MotoGP, valuing the company at 4.3 billion euros ($4.97 billion). The European Commission concluded that Formula 1 and MotoGP do not significantly compete for broadcast rights, allowing the transaction to proceed without raising concerns over market competition. Dorna Sports will retain key management staff, including long-time chief executive Carmelo Ezpeleta, while Liberty Media will introduce its veterans from the Formula 1 takeover to help grow MotoGP's brand and audience. Liberty Media 's made a successful business of racing on four wheels. Now, it's time for two wheels. Formula 1 owner Liberty Media is finally set to complete a deal to take control of motorcycle racing series MotoGP after receiving approval from the European Commission . Liberty Media said Monday the "unconditional" approval was the last step in completing the deal to buy 84% of Spain-based MotoGP rights holder Dorna Sports . It values Dorna at 4.3 billion euros ($4.97 billion), Liberty said. "MotoGP is a highly attractive premium sports asset with incredible racing, a passionate fanbase and a strong cash flow profile," Liberty Media president and CEO Derek Chang said in a statement. "We believe the sport and brand have significant growth potential, which we will look to realize through deepening the connection with the core fan base and expanding to a wider global audience." Liberty said the deal, which was first announced in April 2024, could go through by July 3. The process was held up in December when the European Commission opened what it called an "in-depth investigation" into whether the agreement would hike the cost of broadcast rights for motorsports events. The European Commission said its investigation found F1 and MotoGP are "not close competitors for the licensing of broadcasting rights for sports content" in national markets, and that broadcasters would be able to choose from other sports with similarly large audiences. "Therefore, the transaction will not remove important competitive constraints between Formula 1 and MotoGP," the commission said in a statement. Liberty Media immediately transformed how F1 was run when it took over in 2017. The U.S. company installed its own people in key positions to end decades with Bernie Ecclestone in charge. This time, it's keeping key staff in place. MotoGP management keeps a minority stake and long-time Dorna chief executive Carmelo Ezpeleta remains in charge of MotoGP. But Liberty said he will be joined on the Dorna board by Chase Carey and Sean Bratches, two veterans of Liberty's takeover of F1 in 2017. They were part of its efforts to grow and modernize F1 as a business, especially in the United States. Since then, F1 has attracted a new audience through the Netflix docu-series " Drive To Survive " and expanded its calendar to a record 24 races, including lucrative new showpieces in locations like Miami, Las Vegas and Saudi Arabia. MotoGP is running a 22-race calendar this year. It includes events in markets where F1 has either never raced, like Indonesia, the Czech Republic and Thailand, or hasn't raced in years, like Argentina and Malaysia. Four of the MotoGP races are in Spain, with only one in the U.S., at the Circuit of the Americas in Austin, Texas in March. The Circuit of the Americas is one of five tracks which host both F1 and MotoGP this year.
News18
23-06-2025
- Automotive
- News18
Liberty Media Given Nod In MotoGP Acquisition Pursuit By European Commission
Last Updated: Liberty is set to acquire 84 per cent of MotoGP with Dorna retaining 16 per cent in a deal valued around the 4.3 billion euro mark. The European Commission gave Liberty Media, the group that owns Formula One, the nod in their bid to acquire MotoGP on Monday. Liberty is set to acquire 84 per cent of MotoGP with Dorna retaining 16 per cent in a deal valued at around the 4.3 billion euro mark, following the unconditional approval of the European body. Liberty agreed to buy the motorcycle event from Dorna Sports in April 2024, but the Commission opened an investigation to determine if the merger held up against the integrity of competition rules. Dorna chief executive Carmelo Ezpeleta, who will continue to run MotoGP alongside his team as they have since 1998, said, 'MotoGP is one of the most thrilling sports on earth, and we look forward to accelerating the sport's growth and expanding its reach to even more fans around the world." 'Liberty is the best possible partner for our sport and the entire MotoGP community, and we are excited to create even greater value for our fans, commercial partners and everyone competing," he said. 'The deal is now expected to close no later than July 3, 2025, opening the door to a new era for the sport," the MotoGP website read. The Commission had been concerned that the transaction could lead to an increase in licensing prices for broadcasting rights to motorsport events. It also examined Liberty Media's relationship with its parent company, Liberty Global, a leading cable operator in several European countries. The Commission announced it was satisfied that, in the European national markets it investigated, the companies are not close competitors for the licensing of broadcasting rights for sports content on Monday. The statement indicated there was insufficient evidence that Mr. John Malone, Liberty Media's largest shareholder, could exert decisive influence over Liberty Global. Liberty took over F1 in the year 2017, and has implemented an expansion strategy since, with a penchant for spectacle. First Published:
Winnipeg Free Press
23-06-2025
- Automotive
- Winnipeg Free Press
F1 owner Liberty Media finally set to seal deal to take control of MotoGP after European approval
MADRID (AP) — Formula 1 owner Liberty Media is finally set to complete a deal to take control of motorcycle racing series MotoGP after receiving approval from the European Commission. Liberty Media said Monday the 'unconditional' approval was the last step in completing the deal to buy 84% of Spain-based MotoGP rights holder Dorna Sports. 'MotoGP is a highly attractive premium sports asset with incredible racing, a passionate fanbase and a strong cash flow profile,' Liberty Media president and CEO Derek Chang said in a statement. 'We believe the sport and brand have significant growth potential, which we will look to realize through deepening the connection with the core fan base and expanding to a wider global audience.' Liberty said the deal, which was first announced in April 2024, could go through by July 3. The process was held up in December when the European Commission opened what it called an 'in-depth investigation' into whether the agreement would hike the cost of broadcast rights for motorsports events. Dorna chief executive Carmelo Ezpeleta remains in charge of MotoGP but Liberty said he will be joined on the Dorna board by Chase Carey and Sean Bratches, two veterans of Liberty's takeover of F1 in 2017. They were part of its efforts to grow and modernize F1 as a business, especially in the United States. ___ AP auto racing:
